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Boeing vs Embraer: revenue, profit, margins and growth compared

Boeing brought in $89.5B of revenue in fiscal 2025, Embraer $7.6B in fiscal 2025. Revenue changed by +34.5% at Boeing and +18.5% at Embraer on the year before, so Boeing grew faster. Boeing kept 2.5% of its revenue as net profit, Embraer 4.6%. Free cash flow was -$1.9B at Boeing and $682.8M at Embraer.

Side by side, latest fiscal year

BAEMBJ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$89.5B$7.6B
Revenue growth+34.5%+18.5%
Net income$2.2B$351.9M
Net margin2.5%4.6%
Free cash flow-$1.9B$682.8M
Free cash flow margin-2.1%9.0%
Earnings per share (diluted)$2.48$0.48
Cash$10.9B$1.9B
Debt$53.8Bn/a
Price to earnings79.9n/a
Market value$156.5B$14.2B
Dividend yieldn/an/a
Rank by revenue in sector#4 of 451 · Industrials#87 of 451 · Industrials

Over the years

Revenue
BA FY2018: $101.1BBA FY2019: $76.6BBA FY2020: $58.2BBA FY2021: $62.3BBA FY2022: $66.6BBA FY2023: $77.8BBA FY2024: $66.5BBA FY2025: $89.5BEMBJ FY2018: $5.1BEMBJ FY2019: $5.5BEMBJ FY2020: $3.8BEMBJ FY2021: $4.2BEMBJ FY2022: $4.5BEMBJ FY2023: $5.3BEMBJ FY2024: $6.4BEMBJ FY2025: $7.6BFY18FY19FY20FY21FY22FY23FY24FY25
BA $89.5BEMBJ $7.6B
Net income
BA FY2018: $10.5BBA FY2019: -$636MBA FY2020: -$11.9BBA FY2021: -$4.2BBA FY2022: -$4.9BBA FY2023: -$2.2BBA FY2024: -$11.8BBA FY2025: $2.2BEMBJ FY2018: -$178.2MEMBJ FY2019: -$322.3MEMBJ FY2020: -$731.9MEMBJ FY2021: -$44.7MEMBJ FY2022: -$185.4MEMBJ FY2023: $164MEMBJ FY2024: $352.5MEMBJ FY2025: $351.9MFY18FY19FY20FY21FY22FY23FY24FY25
BA $2.2BEMBJ $351.9M
Net margin
BA FY2018: 10.3%BA FY2019: -0.8%BA FY2020: -20.4%BA FY2021: -6.7%BA FY2022: -7.4%BA FY2023: -2.9%BA FY2024: -17.8%BA FY2025: 2.5%EMBJ FY2018: -3.5%EMBJ FY2019: -5.9%EMBJ FY2020: -19.4%EMBJ FY2021: -1.1%EMBJ FY2022: -4.1%EMBJ FY2023: 3.1%EMBJ FY2024: 5.5%EMBJ FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25
BA 2.5%EMBJ 4.6%
Revenue growth
BA FY2019: -24.3%BA FY2020: -24.0%BA FY2021: +7.1%BA FY2022: +6.9%BA FY2023: +16.8%BA FY2024: -14.5%BA FY2025: +34.5%EMBJ FY2019: +7.7%EMBJ FY2020: -31.0%EMBJ FY2021: +11.3%EMBJ FY2022: +8.2%EMBJ FY2023: +16.0%EMBJ FY2024: +21.4%EMBJ FY2025: +18.5%FY19FY20FY21FY22FY23FY24FY25
BA +34.5%EMBJ +18.5%
Free cash flow
BA FY2018: $13.6BBA FY2019: -$4.3BBA FY2020: -$19.7BBA FY2021: -$4.4BBA FY2022: $2.3BBA FY2023: $4.4BBA FY2024: -$14.3BBA FY2025: -$1.9BEMBJ FY2018: $953.3MEMBJ FY2019: $609.3MEMBJ FY2020: -$1.4BEMBJ FY2021: $413.6MEMBJ FY2022: $615.1MEMBJ FY2023: $378.3MEMBJ FY2024: $670.8MEMBJ FY2025: $682.8MFY18FY19FY20FY21FY22FY23FY24FY25
BA -$1.9BEMBJ $682.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Boeing and Embraer

Which is bigger by revenue, Boeing or Embraer?

Boeing is bigger by revenue: $89.5B in fiscal 2025, against $7.6B for Embraer in fiscal 2025.

Which keeps more of its revenue as profit, Boeing or Embraer?

Boeing had a net margin of 2.5% in fiscal 2025; Embraer had 4.6% in fiscal 2025.

Which grew revenue faster, Boeing or Embraer?

In their latest fiscal years revenue changed by +34.5% at Boeing and +18.5% at Embraer.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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